The Haxtun-Fleming Herald - What can we reason but from what we know? -Alexander Pope

By Mark Brase
PWCB President 

Strokes From Other Pens

Letter to the Editor

 

October 6, 2021



Letter to the Editor,

Congress — don’t give the IRS access to consumers’ bank accounts.

Credit unions and banks across the country are jointly opposed to an item being considered as part of the proposed $3.5 trillion reconciliation bill. The bill may include a provision requiring credit unions and banks report to the IRS the account transactions (deposits or withdrawals) of accounts that hold more than $600.

What does this mean for you, the consumer? An invasion of your privacy and potential additional taxes. This proposed fishing expedition is bad for consumers.

The proposal...



For access to this article please sign in or subscribe.

 

Reader Comments(0)

 
 

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2021